Microsoft still interested on Yahoo bid, if board is replaced

In a bit of unsurprising news, it appears that Microsoft is willing to re-open talks with Yahoo about a possible takeover. According to billionaire investor Carl Icahn, Microsoft is still interested in discussing a major transaction with Yahoo provided that a new board of directors is elected  which happens to be Icahns own objective.

Microsoft almost immediately confirmed Icahns claims, reiterating its belief that the Yahoo board has been too stubborn in their deal negotiations. So there you have it, the Microsoft/Yahoo saga could finally come to an end with either a deal for buying just their search assets or possibly the whole company, if Icahn gains control of the board at the August 1 shareholder meeting.

Of course, Yahoos co-founder and current chief executive Jerry Yang is not about to be ousted from the company without a fight. Indeed, the executive is believed to be in talks with Time Warner about combining with its AOL unit, as a way to prevent the Icahn insurgency from succeeding.